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REDSTONE FEDERAL CREDIT UNION

Mar, 31, 2022 — REDSTONE FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTSVILLE, AL with 37 branch locations and about $7.93 billion in total assets. Opened 71 years ago in 1951, REDSTONE FEDERAL CREDIT UNION has about 679,523 members and employs 1,228 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 262275835
Name:REDSTONE FEDERAL CREDIT UNION
Address:
(Main Office)
220 Wynn Dr
HUNTSVILLE, AL 35893
Phone:(256) 837-6110
Fax:(256) 722-8399
Website:https://www.redfcu.org
Branches:37 branch locations
Members:679,523
Credit Union Type:Federal Credit Union
Charter Number:7544
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1951
Last Audited:Jun 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$7,926,043,123
CEO/Manager:Joseph H Newberry
Chairperson:Dave Hargrove

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 813,060,942
TOTAL INVESTMENTS 0
Loans Held for Sale 1,006,128
 
 Real Estate Loans 1,286,132,927
 Unsecured Loans 483,480,510
 Other Loans 1,400,410,929
 TOTAL LOANS 3,170,541,341
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -29,604,155
 Land And Building 126,127,510
 Other Fixed Assets 26,658,719
 NCUSIF Deposit 59,018,465
 All Other Assets 588,618
  TOTAL ASSETS 7,926,043,123
LIABILITIES & CAPITAL:  
 Dividends Payable 36
 Notes & Interest Payable 291,143,750
 Accounts Payable & Other Liabilities 37,310,899
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,418,757,588
 Regular shares 3,144,594,845
 All Other Shares & Deposits 2,428,169,350
  TOTAL SHARES & DEPOSITS 6,991,521,783
  TOTAL LIABILITIES 7,319,976,468
 Regular Reserve 0
 Other Reserves -174,146,828
 Undivided Earnings 780,213,483
  TOTAL EQUITY 606,066,655
  TOTAL LIABILITIES, SHARES, & EQUITY 7,926,043,123
INCOME & EXPENSE  
 Loan Income 38,011,014
 Investment Income 13,972,651
 Other Income 7,226,546
 Total Employee Compensation & Benefits 25,899,596
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 25,801,335
 Non-operating Income & (Expense) -55,234
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,873,359
 Cost of Funds 3,209,058
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 25,803,777
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